Common use of No Further Liability Clause in Contracts

No Further Liability. The liability of the Limited Partner to the Partnership shall be limited to the amount of its capital contributions made pursuant to Section 8, and the Limited Partner shall not have any further liability to contribute money to, or in respect of, the liabilities or the obligations of the Partnership unless the Limited Partner agrees in writing to make additional capital contributions to the Partnership, nor shall the Limited Partner be personally liable for any obligations of the Partnership, except as provided in the TLPL.

Appears in 3 contracts

Samples: Partnership Agreement (B&H Contracting, L.P.), Partnership Agreement (B&H Contracting, L.P.), Partnership Agreement (B&H Contracting, L.P.)

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No Further Liability. The liability of the Limited Partner to the Partnership shall be limited to the amount of its capital contributions contribution made pursuant to Section 8Sections 8(a) and 8(b), and the Limited Partner shall not have any further liability to contribute money to, or in respect of, the liabilities or the obligations of the Partnership unless the Limited Partner it agrees in writing to make additional capital contributions to the Partnership, nor shall the Limited Partner be personally liable for any obligations of the Partnership, except as may be provided in the TLPLAct.

Appears in 3 contracts

Samples: Grant Prideco Finance LLC, Grant Prideco Finance LLC, Xl Systems Lp

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No Further Liability. The liability of the Limited Partner to the Partnership shall be limited to the amount of its capital contributions made pursuant to Section 88(a) and 8(b), and the Limited Partner shall not have any further liability to contribute money to, or in respect of, the liabilities or the obligations of the Partnership unless the Limited Partner it agrees in writing to make additional capital contributions to the Partnership, nor shall the Limited Partner be personally liable for any obligations of the Partnership, except as may be provided in the TLPLAct.

Appears in 1 contract

Samples: Xl Systems Lp

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